Multiple Choice
Which of the following statements is true regarding fixed and variable costs?
A) Both costs are constant when considered on a total basis.
B) Variable costs are constant in total, and fixed costs are constant per unit.
C) Both costs are constant when considered on a per unit basis.
D) Fixed costs are constant in total, and variable costs are constant per unit.
Correct Answer:

Verified
Correct Answer:
Verified
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